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Nidhi Company- A Profound Insight

May 22, 2022 1287 Views 0 comment Print

Learn about Nidhi Company and its role as a Non-Banking Financial Corporation (NBFC) under the Companies Act, 2013.

Summary of SC Judgment in New Okhla Industrial Development Authority Vs. Anand Sonbhadra

May 22, 2022 4629 Views 0 comment Print

The Hon’ble Supreme Court considered whether NOIDA, the Appellant (i.e. Lessor) who has acquired land for the purposes of setting a residential township is a Financial Creditor (FC) of the Corporate Debtor (CD) under the Insolvency and Bankruptcy Code, 2016 (Code).

Mandatory Renewal of RERA Agent Registration within time limit

May 22, 2022 10371 Views 0 comment Print

Learn about the mandatory renewal process for RERA agent registration. Understand the rules and conditions involved in renewing your license.

Sec 80GG – Deduction in respect of rent paid

May 21, 2022 6324 Views 0 comment Print

Learn about Section 80GG and how it allows individuals to claim a deduction for rent paid, even without receiving HRA.

SC Judgment in Mohit Minerals & Refund of IGST under RCM on Ocean Freight

May 21, 2022 78582 Views 2 comments Print

No separate levy of IGST under RCM is to be made on the Indian importer for the supply of services of transportation of goods by the shipping line since it would be in violation of Section 8 of the CGST Act, 2017.

Consequences of Non-Payment of Stamp Duty & Non-Registration of Instruments

May 21, 2022 36681 Views 0 comment Print

Understanding the consequences of non-payment of stamp duty & non-registration of instruments is crucial for protecting your interests in any agreement or transaction.

Form ADT1 : Essence of Appointment of Statutory Auditors

May 21, 2022 7461 Views 0 comment Print

Understand the significance of Form ADT 1 in appointing Statutory Auditors. Learn about the mandatory process and benefits for companies and stakeholders.

Dormant (Inactive) Company (Section 455 of Companies Act, 2013)

May 21, 2022 34200 Views 1 comment Print

Understanding Section 455 of Companies Act, 2013: Learn about the provisions and requirements for dormant (inactive) companies in India.

IRDAI (Investment) (Fifth Amendment) Regulations, 2013

May 21, 2022 6033 Views 0 comment Print

Understanding IRDAI (Investment) (Fifth Amendment) Regulations, 2013 and their impact on insurance companies in India.

GST on Ocean Freight Unconstitutional- Supreme Court

May 21, 2022 27618 Views 0 comment Print

The basic issue is that, in most cases, the ocean freight is paid by the seller or companies that are not based in India. So, for instance, if a company based in USA is exporting goods to India, the company tends to enter into an agreement with shipping companies and pay ocean freight.

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